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Listed 5 months ago

50-52 & 54 Park Road N

542 - Grimsby East, Grimsby

$1,999,999

Detached|2-Storey
6 | 2 | 16
About this home

Rare opportunity to acquire a unique multi property offering in the heart of Grimsby, consisting of 50-52 and 54 Park Road North, being sold together. Known as the historic Gadsby Property, this exceptional package combines approximately 9,700 sq ft of industrial/manufacturing space with two residential dwellings, creating outstanding potential for live/work use, investment, redevelopment, or repurposing opportunities. The industrial component features a gated entry and a substantial 3 storey manufacturing building, historically operated as a boot manufacturing facility since the 1940s. The space offers excellent versatility for future commercial, industrial, or mixed-use possibilities. Complementing the property are two residential homes, including a beautifully maintained and renovated heritage residence offering over 3,000 sq ft of living space with timeless architectural details, spacious principal rooms, modern kitchen finishes, and multiple bedrooms. A second detached dwelling further enhances the flexibility and income potential of the site. Ideally located minutes from the QEW in the growing Town of Grimsby, this is a rare opportunity to secure a landmark property with significant future potential. Properties being sold as is.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$8,940
Lot Size103 ft x 225 ft
mls© NumberX13152596
Listed ByRE/MAX ESCARPMENT GOLFI REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,237
Property tax
$745
Heat allowance
$150
Housing costs
$11,132 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $400,000
25-yr amortization

Income needed

$343,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$400,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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